{"id":12983,"date":"2024-04-25T10:13:07","date_gmt":"2024-04-25T10:13:07","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=12983"},"modified":"2025-03-06T06:58:22","modified_gmt":"2025-03-06T06:58:22","slug":"asia-nikkei-in-the-dumps-tech-stocks-tumble-yen-weakens","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/analysis\/12983\/","title":{"rendered":"ASIA: Nikkei in the Dumps: Tech Stocks Tumble, Yen Weakens"},"content":{"rendered":"\n
Japan’s Nikkei<\/a> share average recently saw a downturn, dropping 2.16% to close at 37,628.48, following a three-day upward streak. This slide was led primarily by losses in the technology sector, while the market braces for the Bank of Japan\u2019s upcoming policy announcement.<\/p>\n\n\n\n SEE: Nikkei 225 plummets as seen on VT Markets trading app<\/a>.<\/em><\/p>\n\n\n\n On Thursday, the broader Topix index also dipped by 1.74% to 2,663.53, reflecting a general cautious mood across the market. Specifically, tech companies like Tokyo Electron and Advantest saw declines of 3.48% and 1.71%, respectively, pulling down the tech-heavy index. <\/p>\n\n\n\n Other major companies like Shin-Etsu Chemical and SoftBank Group <\/a>also saw their shares drop, and even Toyota Motor fell 3.34% despite the yen reaching a 34-year low.<\/p>\n\n\n\n
<\/figure>\n\n\n\nYen Above 155 per Dollar<\/strong><\/h3>\n\n\n\n